Hundred Palms Residences Executive Condominium (EC) is a brand new launching residential development by Hoi Hup Realty. This development consist of 531 Residential Units, spread across 9 Blocks / 15 Storey buildings. Near to Sengkang, Serangoon and Hougang and a 4 Minutes drive to NEX Serangoon Garden and mall.

Hundred Palms Developer

Hoi Hup Realty Pte Ltd. A dynamic property developer who has achieved over 900 quality houses and now has a pipeline of more than 500 private residential components at distinct phases of development. Sold out jobs including The Ford @ Holland, Waterford Home and Suites @ Cairnhill suggested that developments were well-received by the industry.

Reaching high standards of building excellence. With a disciplined vision as well as a solid doctrine to develop properties that provide the greatest degree of functionality, style and innovation within tactical and prime places, Hoi Hup’s its own devotion harmonizes dedication to excellent workmanship and estimable worth. Hoi Hup, are driven to innovate and establish new standards as the market developer that caters to an extensive variety of marketplaces tomorrow and today.

Next projects by Hoi Hup

Contractor of Hundred Palms Residences

Straits Construction is just one of Singapore’s top contractors using a repertory of projects spanning the public and private sectors, from residential to commercial endeavors. Right from the beginning, we saw how we could do things quicker and better. We’re constantly thinking of ideas to take the business further, although we’re not only contractors who understand our craft well. We’re alternative suppliers and innovators trying to find approaches that are sustainable to enhance the space where communities work and live in.

Some of our latest initiatives include spearheading one of Singapore’s incorporated building and prefabrication hearts to elevate productivity, and leveraging technology to enhance product quality, training and development to increase the skill amounts of the business.

Completion Projects in 2017

Private condominiums scheduled for completion in 1H2017 have seen a ramp up in trades. In the northeast region of Fernvale Close off Sengkang West Way, there are two adjoining private condos that are scheduled for completion next year. UOL Group’s 555-unit Riverbank @ Fernvale is targeted to acquire Temporary Occupation Permit (TOP) in 1Q2017. The 495-unit RiverTrees Homes, developed together Sekisui House, Far East Orchard and by Frasers Centrepoint, is expected to get TOP in 2Q2017. Frasers on the other hand, is also going to launch Seaside Residences in 2017.

In the lead-up to its conclusion next quarter, Riverbank @ Fernvale has seen a ramp-up in sales in the last three months. In September, 14 units were sold at a median price of $984 psf, followed by 26 units in October at a median cost of $988 psf.

Discounts offered

UOL Group had initially offered discounts of $8,000 for selected units from April to June. The reduction was reduced to $5,000 for chosen units sold from June to October. Even without discounts, sales continued to be lively in November, which saw 15 units sold.

Three-bedroom double-key units of 1,044 sq ft were sold at $1.01 million ($966 psf) to $1.025 million ($982 psf). There were additionally cabana units of 1,216 sq ft that went for $1.02 million ($836 psf) to $1.1 million ($917 psf).

RiverTrees also saw strong sales, with 489 units sold so far. Just six are available. The two latest trades were those of an 947 sq ft, three-bedroom unit that brought $1.03 million ($1,088 psf) and a 1,216 sq ft, three-bedroom vista unit that was sold for $1.11 million ($917 psf).

Performance to date

The 495-unit RiverTrees Homes is scheduled for completion in 2Q2017 and has only six units available for sale

Both Riverbank and RiverTrees are 99-year leasehold condos offering units that have views of Sungei Punggol.

Other private condos that will be completed next year and have seen sales picking up in recent months include The Glades at Bedok Rise in the east. The 726-unit project can be found within walking distance of the Tanah Merah MRT station. So far, more than 600 units have been sold. Based on caveats stayed from Nov 29 to Dec 6, costs of units sold recently ranged from an 474 sq ft, one-bedroom unit that brought in $759,000 ($1,603 psf) to a 1,281 sq ft, four-bedroom unit that fetched $1.8 million ($1,405 psf).

Keppel Land and China Vanke collectively develops the Glades, and is scheduled to be finished in 1Q2017.

Looking at the past executive condominium launched for the past 2016, I thought this ec, Wandervale was the best performer. But similarly developed by Sim lian, The Treasure Crest actually perform better! This clearly show that if the EC is well priced at a reasonable location, it will move definitely. Sorry to The Northwave EC and Parc Life EC, both did miserably bad! Believe to be location and pricing factors that caused it. Below is the report:

For 362 units in the 504-unit residential project, with all the four-bedroom flats, the mainboard-listed company found buyers during the first two days of bookings being the first to be snapped up.

Approximately 62 percent of the units were purchased by first-timers, including those who made their bookings under the Fiancé/Fiancée Scheme, while HDB upgraders bought the remainder. Nearly all the buyers now reside in northeastern Singapore, especially in Hougang, Sengkang and Punggol.

Buyers said they were attracted to appealing pricing, the project’s tactical location and wide units, which range from 958 sq ft ft. sq to 1,345

Situated in Sengkang New Town, the EC is close to Sengkang MRT station and the Cheng Lim LRT station.

Treasure Crest is the EC that is second to be established by Sim Lian Group this year, following the start of Wandervale in February, which has sold around 75 percent of its units.

Looking forward, there will be another EC launching soon at Choa Chu Kang developed by Qingjian, stay tune! But if you are looking for private condo that is going to launch, can check out the other article written about Forest Woods Versus The Clement Canopy

According to TheEdgeProperty.com.sg, In the next half of 2016, there will a few great new property launches that will happen, and the one that i am interested in probably Forest Woods by CDL at Lorong Lew Lian, Upper Serangoon and The Clement Canopy By UOL at Clementi Ave 1. Although both are located quite widely apart, these two launches are probably the ones that are developed by the prestigious developer. Talking about CDL and UOL, they have been in the real estate market at least 10-15 years. These names are already a household names to my home seekers and investors.

So far, looking at the past sub-urban developments by CDL like Tree house, The Criterion and Coco Palms, the designs are relatively conservative as in it is much more a squarish type of architectural. This is a safest bet as most home buyers would prefer this type of layout as it is easier to do up the renovation.

On the other hand, UOL, always have themed design. Looking at the latest Principal Garden, it has a “living in a garden” theme, and Botanique at Bartley that is nearly 95% sold til now, and according to my agent friend, the commission was never adjusted since day 1 as the developer is confident in this project, which is the outcome is true, hey 95% sold!

Visit their developer websites if you are keen to register your interest.

Personally i feel that these two developers have been rather consistent in their selling price, therefore the buyers that buy earlier will definitely be the “Earliest Bird”. Or you rather be the “Fatest Worm”? Make your own judgement.

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